Size of Economic Footprint
The scale to which government should exist and operate in the world is a matter of debate. Government spending in developed countries varies considerably but generally makes up between about 30% and 70% of their GDP. One major exception is the United States, where central government spending takes up less than 20% of GDP, although the combined spending of all administrations reach 36%.
Read more about this topic: Government Operations
Famous quotes containing the words size of, size, economic and/or footprint:
“Eat your meals according to the size of your bowl.”
—Chinese proverb.
“There are some persons we could not cut down to size without diminishing ourselves as well.”
—Jean Rostand (1894–1977)
“Under weak government, in a wide, thinly populated country, in the struggle against the raw natural environment and with the free play of economic forces, unified social groups become the transmitters of culture.”
—Johan Huizinga (1872–1945)
“There is on the earth no institution which Friendship has established; it is not taught by any religion; no scripture contains its maxims. It has no temple, nor even a solitary column. There goes a rumor that the earth is inhabited, but the shipwrecked mariner has not seen a footprint on the shore. The hunter has found only fragments of pottery and the monuments of inhabitants.”
—Henry David Thoreau (1817–1862)